Chinese tech giant Huawei reported hefty jumps in first-half revenue and net profit on Thursday, with smartphone sales robust and its smart car components business also doing well despite U.S. sanctions.
Huawei did not give an earnings breakdown for individual units, but a spokesperson said its mainstay consumer business, which includes smartphones and PCs, as well as its smart car components unit, performed strongly. Huawei jumped back into the 5G premium smartphone market last year with its Mate 60 series and this year with its high-end P series phones – though most of these sales remain confined to its home market.
Washington sees Huawei as a national security risk – a charge that the company denies. U.S. sanctions have since broadened out to encompass export bans on highly advanced U.S. chips to all Chinese firms with Washington seeking to impede advances in technology for China’s military.
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